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Slim Chickens | 8+yrs Remain Abs NNN w/ Incrs 1420 Precinct Line Rd 3,612 sq ft Retail Property Hurst, TX 76053 £2,604,847 (£721.16/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- Outparcel to Target Anchored Center | Shops at North East Mall | State Highway 121 & 183 (207,700 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Slim Chickens franchisee (4-unit operator) guaranteed lease
• Over 8 years remaining with 5 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• Over 8 years remaining with 5 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
3,612 sq ft
Costar Property Class
B
Year Built
2016
Price
£2,604,847
Price per sq ft
£721.16
Yield
6%
NOI
£156,261
Tenancy
Single
Number of Floors
1
Plot ratio
0.08
Total Plot Size
1.10 ac
Use Class
GB - General Business District
Parking
57 Spaces (15.78 Spaces per 1,000 sq ft Leased)
AMENITIES
- Freeway Visibility
- Signage
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Slim Chickens' mission was (and is) simple: to make the best hand-breaded chicken tenders using only the freshest ingredients, served in a friendly atmosphere where people can relax and feel at home. They use the best cut they can get for their tenders. From the outset, all-natural premium tenders have been the building block for their entire menu. Their time-tested recipe has become a household favorite, locking in flavor with their southern-style buttermilk marinade, and lightly breaded by hand with every order.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Easily Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42181419 | Improvements Assessment | £596,389 |
| Land Assessment | £431,963 | Total Assessment | £1,028,353 |
PROPERTY TAXES
Parcel Number
42181419
Land Assessment
£431,963
Improvements Assessment
£596,389
Total Assessment
£1,028,353
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Slim Chickens | 8+yrs Remain Abs NNN w/ Incrs | 1420 Precinct Line Rd
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